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The Peter Schiff Show Podcast

Financial Media Downplays Inflation Risk – Ep 699

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 9 June 2021

⏱️ 62 minutes

🧾️ Download transcript

Summary


* Inflation is on the rise and so is denial about it.
* Oil prices reach their highest levels since Covid began.
* Broken bond market and rising stock market are not evidence of low inflation.
* Janet Yellen admits higher inflation is coming, but says it’s a good thing.
* Global minimum tax is a big negative for the world.
* Bitcoin 2021 cult member love fest comes to an end in Miami.
* Michael Saylor goes into more debt desperately trying to keep Bitcoin from collapsing.
* The world will not be following El Salvador’s economic lead.



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Transcript

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0:00.0

The Petership Show

0:09.0

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0:19.6

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0:26.7

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0:35.4

package.

0:36.4

Well, inflation continues to be a hot topic in the financial media, although most of the

0:43.1

conversation seems to center around the fact that all this inflation talk is overblown

0:50.8

and everybody is trying to reassure the public investors that there really is no inflation

0:58.1

that it's all transitory like the Fed says and that those of us who are warning about

1:04.0

inflation, well, we're the same chicken littles who warned about inflation following the 2008

1:10.4

financial crisis when the Fed embarked on quantitative easing and zero percent interest rates

1:15.7

for the first time.

1:17.2

You know, we were warning about inflation and you know, inflation never turned out to

1:22.0

be a problem.

1:23.0

There was no inflation.

1:25.0

And so the fact that the same old people like me, although usually they don't mention

1:29.7

me by name, although I know a lot of the people are thinking my name, even though they're

1:33.9

not saying it.

1:35.1

But of course, I wasn't the only person who was worried about inflation.

1:38.7

In fact, if you remember, gold went up to 1,920 11 because people were worried back then

...

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